My Experience Flipping Collectible Cards

 

        A totally irrelevant example of flipping. 

I rekindled a childhood hobby this year after a few months of lurking and watching fellow hobbyists open packs of Pokémon cards. Pokémon cards has been all the rage recently and some of them even sell for 6-figure sums. 

When I told the Mrs that I would like to go back into this hobby, she had a simple condition for me: an annual spending cap of $200. In the back of my mind I was going ‘Siao liao, I can’t buy anything noteworthy or nice.’ 

I did my research and watched a few videos reviewing some upcoming sets. The hype and demand for these were insatiable and a plan was hatched. 

A buddy of mine accompanied me on launch day to queue and purchase boxes at retail. (The queue was insane and also indicated to me that there was pent up demand for this product). I sold those that I didn’t need at a marked up price and used this proceeds to fund my own collection. This may not be the healthiest way to go about in this hobby and I’m not promoting scalping. But when demand far outstrips supply, the market reacts this way. 

I was willing and able to do this because my collection is focused. I wasn’t crazy about opening packs or doing box breaks. I knew what I wanted and worked towards it. All this were a means to an end. Some collectors may or may not agree with my approach. 

Another plan I had was to conduct some sales of cards over Facebook groups or platforms like Carousell for cards which I didn’t need in my collection. And this further added some much required funds for my collection.

My personal experience so far has been positive and I will continue to see how I can best manage this hobby within this spending cap. The people in Singapore's Pokémon community are mostly friendly and approachable. 

Share your thoughts and comments with me if you collect Pokémon cards or other collectibles! Stay safe everyone!

On a separate note, I have started a YouTube Channel showcasing my hobbies. If you are interested, you can watch my latest video here! Any feedback, subscriptions or comments is deeply appreciated!

My YouTube Channel: LINK HERE!

My Instagram: LINK HERE!

SG FI Dad, out.

Alternative Income Report: Feb 2021

 Hope everyone had a good break this Chinese New Year and managed to figure out a way to gather with friends and family in a safe manner. I must say, CNY has been weird in this sense without the big gatherings that I’m familiar with. But I guess it’s the new normal. It was also the first year that the Mrs and I had to give out angbaos but we also got some back for the LO. Overall, I think we weren't as affected by the safety measures as much as we thought except maybe missing out on visiting some friends and relatives.

For Feb 2021, we received $194.75 from interests and dividend returns. Not quite there yet at $200 per month that we are aiming for but very close. The positive takeaway is that there was a slight increase compared to last month. Even though we are only into the first quarter of 2021, we are constantly striving towards this target that we set for ourselves. We are confident that we will reach our goal for 2021 with our continuous entry into the market.

For those that prefer a visual representation.

On a separate note, I have started a YouTube Channel showcasing my hobbies. If you are interested, you can watch my latest video here! Any feedback, subscriptions or comments is deeply appreciated!

My YouTube Channel: LINK HERE!

My Instagram: LINK HERE!